Further tightening of credit standards for enterprises

Norges Bank’s Survey of Bank Lending 2009 Q2

Banks continued to tighten credit standards for enterprises while credit standards for households remained virtually unchanged in Q2. Banks expect approximately unchanged credit standards for both enterprises and households in 2009 Q3.

Banks reported a further fall in loan demand among nonfinancial corporations in 2009 Q2. Loan demand in the enterprise sector is expected to stabilise in Q3. Household loan demand was approximately unchanged in Q2. Banks expect increased household credit demand ahead.

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